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Tuesday, 9 April 2013

Manufacturing output surges to help UK avoid triple dip

It is interesting that on the day that people are debating Mrs Thatcher's impact on manufacturing and other traditional industries the latest statistics highlight how important that the sector is to the economy.  Output from manufacturing rose by 0.8% which was twice what the economists were predicting and has helped the UK avoid the symbolic triple dip recession.

Exports to non EU countries are still down and this is a worry as the government has targeted these markets specifically.

The next big test will be whether the construction industry will be able to help the GDP figures as activity has been hampered by the recent bad weather.

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